Can I retire at age 63 with 738,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $738,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$60,943$60,400$59,871$59,354$58,849$57,779
2 years$30,170$29,608$29,064$28,536$28,023$26,949
3 years$19,914$19,349$18,806$18,283$17,779$16,734
4 years$14,786$14,224$13,686$13,172$12,680$11,673
5 years$11,711$11,152$10,621$10,117$9,639$8,672
6 years$9,661$9,106$8,583$8,091$7,627$6,701
7 years$8,198$7,647$7,133$6,652$6,203$5,319
8 years$7,100$6,555$6,049$5,580$5,146$4,303
9 years$6,248$5,707$5,210$4,753$4,334$3,531
10 years$5,566$5,031$4,542$4,097$3,693$2,930
11 years$5,008$4,479$3,999$3,566$3,176$2,453
12 years$4,544$4,020$3,549$3,128$2,752$2,067
13 years$4,151$3,633$3,171$2,761$2,400$1,752
14 years$3,815$3,302$2,849$2,451$2,104$1,492
15 years$3,524$3,016$2,572$2,186$1,852$1,276
16 years$3,270$2,768$2,332$1,957$1,637$1,094
17 years$3,045$2,549$2,122$1,759$1,451$941
18 years$2,846$2,355$1,937$1,585$1,291$811
19 years$2,668$2,183$1,773$1,432$1,150$700
20 years$2,508$2,028$1,628$1,297$1,027$606
21 years$2,364$1,889$1,497$1,177$919$524
22 years$2,232$1,764$1,380$1,070$824$455
23 years$2,113$1,649$1,274$975$740$395
24 years$2,003$1,545$1,178$889$665$343
25 years$1,903$1,450$1,091$812$598$298
26 years$1,810$1,363$1,012$742$539$260
27 years$1,724$1,283$940$679$486$226
28 years$1,645$1,209$874$623$438$197
29 years$1,571$1,140$813$571$396$172
30 years$1,502$1,077$757$524$358$150
31 years$1,438$1,018$706$481$323$131
32 years$1,378$963$659$442$293$114
33 years$1,322$912$615$407$265$99
34 years$1,269$865$575$374$240$87
35 years$1,219$820$537$344$217$76
36 years$1,172$778$503$317$197$66
37 years$1,128$739$470$292$178$58
38 years$1,086$703$441$269$162$50
39 years$1,046$668$413$248$147$44
40 years$1,009$636$387$229$133$38
41 years$973$605$363$211$121$34
42 years$940$576$340$195$109$29
43 years$907$549$319$180$99$26
44 years$877$523$300$166$90$22
45 years$848$499$281$154$82$20
46 years$820$476$264$142$74$17
47 years$793$454$248$131$67$15
48 years$768$434$233$121$61$13
49 years$744$414$219$112$56$11
50 years$721$396$206$103$51$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $738,000, adding $6,167 every year, while hoping to spend $58,555 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 71/23/6 Blend
62$738,000$738,000$738,000$738,000
63$819,637$780,523$769,084$876,763
64$840,938$756,467$732,547$891,244
65$862,449$729,269$692,822$899,218
66$884,130$698,714$649,743$906,312
67$905,934$664,574$603,132$912,423
68$927,809$626,608$552,806$917,442
69$949,693$584,559$498,573$921,247
70$971,517$538,158$440,231$923,706
71$993,204$487,119$377,570$924,677
72$1,014,664$431,142$310,372$924,004
73$1,035,798$369,906$238,408$921,518
74$1,056,493$303,075$161,438$917,036
75$1,076,623$230,294$79,214$910,357
76$1,096,046$151,185$0$901,263
77$1,114,603$65,353$0$890,064
78$1,132,115$0$0$881,404
79$1,148,384$0$0$876,933
80$1,163,188$0$0$887,836
81$1,176,278$0$0$897,376
82$1,187,378$0$0$905,338
83$1,196,180$0$0$911,479
84$1,202,343$0$0$915,531
85$1,205,485$0$0$917,196
86$1,205,184$0$0$916,141
87$1,200,969$0$0$911,998
88$1,192,319$0$0$904,359
89$1,178,656$0$0$892,770
90$1,159,337$0$0$876,727
91$1,133,653$0$0$855,675
92$1,100,815$0$0$828,995
93$1,059,950$0$0$796,005
94$1,010,094$0$0$755,946
95$950,175$0$0$707,982
96$879,013$0$0$651,186
97$795,297$0$0$584,533
98$697,580$0$0$506,889
99$584,264$0$0$417,003
100$453,578$0$0$313,487